Switch Announces Fourth Quarter and Full Year 2018 Financial Results
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Switch Inc. (SWCH) PT Raised to $11 at BMO Capital
March 13, 2019 6:40 AM EDTBMO Capital analyst Tim Long raised the price target on Switch Inc. (NYSE: SWCH) to $11.00 (from $10.50) while maintaining a Outperform rating.
Long commented, "SWCH posted solid results, as gross, operating, and EBITDA margins topped expectations. 2019 revenue guidance was lower than we had... More
Switch, Inc. (SWCH) Tops Q4 EPS by 2c, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus
March 12, 2019 4:13 PM EDTSwitch, Inc. (NYSE: SWCH) reported Q4 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $103.2 million versus the consensus estimate of $104.15 million.
Quarterly revenue of $103.2 million, compared to $99.3 million for the same quarter in 2017.Operating income of $16.9 million, compared to an operating loss of $54.6 million for the same quarter last year. Operating income in the fourth quarter of 2018 includes the impact of $7.5 million in equity-based compensation expense, compared to $79.9 million in the... More